Trickle-down or pissed on?
Mandelson's laws of Light-Touch regulation.
1 Thou shalt not impede in any way whatsoever an enterprise that is fully engaged in the wealth creation process which will eventually, by means of the trickle-down effect, enrich everyone.
2 For the purpose of wealth creation it will be legitimate to disregard old-fashioned concepts such as 'citizen's rights' and replace them with the more appropriate term 'consumer's obligations'.
3 Those who generate the nation's wealth will receive special consideration and easy access to government ministers when they feel they are being obstructed in their pursuit of legitimate profits.
Mandelson is quoted as saying "New Labour has no problem with people becoming filthy rich, provided they pay their taxes". So how did that work out, Pete? As we all know they did in fact become filthy rich at our expense and promptly off shored their profits so that they didn't have to pay any taxes. Who's a clever boy, then, Petey?
Phorm came late to the party having suddenly realised that UK inc. would welcome any old sleaze bag outfit with open arms. Did I forget to mention another one of Pete's great ideas, an open invitation to the Florida Mafia to set up forty 'super casinos' in the UK?
Thanks to our more civilised European neighbours we may yet be spared the attentions of the despised Phorm outfit. Here at home our best option looks to be a hung parliament with a strengthened Lib Dem party able to put the mockers on the other two 'greed is good' mobs.